press center
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2022-09
COSCO announces 25 per cent revenue growth as China tops market
COSCO SHIPPING Ports Limited (CSP) has announced interim results for the first half of 2022, boasting revenues of $704.6 million.The figure stands for a 24.7 per cent year-on-year (YoY) increase.Gross profit increased by 33.3 per cent compared to the first six months of 2021 for a total of $197.7 ... -
31
2022-08
First China-Scotland container service docks at Greenock Ocean Terminal
The first-ever direct container service connecting China and Scotland has berthed at Greenock Ocean Terminal after its maiden voyage.The new east and west bound freight route from Ningbo, China, arrived for the first time at Scotland’s deepest container terminal on 27 August.The service – a par... -
30
2022-08
Indonesia, DP World funds Malacca Straits’ new container terminal
Indonesian port operator Pelindo and a consortium of the country’s sovereign wealth fund have entered an agreement to invest in the expansion of the Belawan New Container Terminal (BNCT) in Sumatra Island.The deal is part of a $7.5 billion partnership between the Indonesia Investment Authority (... -
26
2022-08
Associated British Ports, Wärtsilä sign deal to digitalise port operations
Wärtsilä Voyage, part of the technology group Wärtsilä, has signed a contract for a five-year framework agreement with Associated British Ports (ABP).The deal signed with ABP, one of the UK's leading port groups, will digitalise operations at its 21 ports.The project aims to accelerate th... -
25
2022-08
Three more berths about to open at Singapore’s Tuas Mega Port
Three more berths will come into operation at Singapore’s Tuas Port by the end of the 2022.The Singapore Ministry of Transport (MOT) made the announcement during the Prime Minister Lee Hsien Loong’s National Rally day, where he updated citizens on the latest on the in-development 65 million TEU... -
23
2022-08
What Impact Will Strike at Britain’s Busiest Container Port Have?
More than 1,900 workers at Britain’s biggest container port, Felixstowe, have begun eight days of strike action that will cause disruption to trade and supply chains.The staff at Felixstowe, on the east coast of England, are taking industrial action in a dispute over pay, becoming the latest wor...